4/A: UBS Group AG Reduces Stake in PIMCO New York Municipal Income Fund III

UBS Group AG reports a decrease in its holdings of Auction Preferred Stock in PIMCO New York Municipal Income Fund III, filing an amendment to a previous report to correct the amount and CUSIPs.

Summary

• UBS Group AG filed an amended Form 4 to report changes in beneficial ownership of PIMCO New York Municipal Income Fund III's Auction Preferred Stock.
• The transaction occurred on April 17, 2024.
• UBS Group AG disposed of 1,038 shares of Auction Preferred Stock.
• Following the transaction, UBS Group AG holds 0 shares of the Auction Preferred Stock indirectly through subsidiaries.
• The amendment corrects the amount and CUSIPs previously reported.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing indicating a change in ownership. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and major shareholders, providing transparency to the market.

Stakeholder Impact

• The change in ownership may have a minor impact on shareholder confidence, but is unlikely to be significant given the relatively small amount of stock involved.

Key Dates